The intention to increase the bank’s equity was first announced in August of 2008. The capital injection will more than double share capital to Kazakhstani tenge (KZT) 259 billion, versus KZT91 billion as of end-2008 (excluding any negative impact on equity from the 24.5% appreciation of the US dollar versus the tenge at the beginning of 2009).

"We believe the capital injection indicates a vote of confidence for DBK’s mandate to provide long-term credit to the non-extractive sectors of the Kazakh economy, and is proof of DBK’s strategic public policy role," Standard & Poor’s credit analyst Frank Gill said.